Penn National Opposes Bill Changes

8 Apr 2004

PENNSYLVANIA – As reported by the Bangor Daily News: "The Pennsylvania company poised to operate slot machines at the Bangor Raceway contends a last-minute change to the bill could 'spell disaster' for the project by giving the state millions more in slots revenue.

"'This absolutely does not work for us,' said Eric Schippers, a spokesman for Penn National Gaming. 'There is no way a Bangor facility could support this kind of tax rate.'

"The bill, which imposes strict controls on the new industry, appears destined for a fierce fight on the House floor in coming days, with both gambling opponents and supporters pushing for major changes.

"Upon the bill's Wednesday arrival in the House, Penn focused its criticism on the eleventh-hour change giving the state 1 percent of the amount wagered on slots at the Bangor track.

"In addition, the state would receive 39 percent of the slots revenue after winnings are paid - as opposed to the total wager - leaving 61 percent for Penn.

"…The bill advanced Wednesday is supported by the majority of lawmakers on the Legislature's Legal and Veterans Affairs Committee…"

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	Penn National Opposes Bill Changes 8 Apr 2004 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> PENNSYLVANIA – As reported by the Bangor Daily News: "The Pennsylvania company poised to operate slot machines at the Bangor Raceway contends a last-minute change to the bill could 'spell disaster' for the project by giving the state millions more in slots revenue. "'This absolutely does not work for us,' said Eric Schippers, a spokesman for Penn National Gaming. 'There is no way a Bangor facility could support this kind of tax rate.' "The bill, which imposes strict controls on the new industry, appears destined for a fierce fight on the House floor in coming days, with both gambling opponents and supporters pushing for major changes. "Upon the bill's Wednesday arrival in the House, Penn focused its criticism on the eleventh-hour change giving the state 1 percent of the amount wagered on slots at the Bangor track. "In addition, the state would receive 39 percent of the slots revenue after winnings are paid - as opposed to the total wager - leaving 61 percent for Penn. "…The bill advanced Wednesday is supported by the majority of lawmakers on the Legislature's Legal and Veterans Affairs Committee…"